ROK Ventures Limited - Accounts

ROK VENTURES LIMITED - Company Information

Registered number

07153714

ROK Ventures Limited

Report and Accounts

31 December 2014

ROK Ventures Limited
Registered number:		07153714
Directors' Report

The directors present their report and accounts for the year ended 31 December 2014.

Principal activities
The company's principal activity during the year was a holding company for a group of companies involved in the production, sale and distribution of cosmetics, beauty and eco-friendly products.

Directors
The following persons served as directors during the year:

	Mr P Fidanza (resigned 8 September 2014)
	ROK Stars PLC (resigned 9 February, re-appointed 8 September 2014)
	ROK Endorsements Limited (resigned 8 September 2014)
	ROK Stars Distribution Limited (appointed 9 February 2014, resigned 8 September 2014)
	Mr J L Kendrick (appointed 8 September 2014)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 27 May 2015 and signed on its behalf.





Mr J L Kendrick
Director

ROK Ventures Limited
Profit and Loss Account
for the year ended 31 December 2014


Notes	2014		2013
£		£



Operating profit	-		-


Profit on ordinary activities before taxation	-		-

Tax on profit on ordinary activities	-		-

Profit for the financial year	-		-

ROK Ventures Limited
Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Investments	2		610,284			610,284

Current assets
Debtors	3	231,475			1

Creditors: amounts falling due within one year	4	(841,758)			(610,284)

Net current liabilities			(610,283)			(610,283)

Net assets			1			1

Capital and reserves
Called up share capital	5		1			1

Shareholder's funds			1			1

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Mr J L Kendrick
Director
Approved by the board on 27 May 2015

ROK Ventures Limited
Notes to the Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Investments
	Long term investments are classified as fixed assets and are stated at cost in the balance sheet. Provision is made for any impairment in the value of fixed asset investments.

	Consolidation
	Consolidated financial statements have not been prepared as the company is exempt from preparing group accounts under section 400 of the Companies Act 2006 as it is itself a wholly owned subsidiary undertaking of an immediate parent undertaking established under the law of an EEA state. Consequently, these financial statements only present information about ROK Ventures Limited as an individual company.


2	Investments
Investments in									Investments in
subsidiary									subsidiary
undertakings									undertakings
£									£
	Cost
	At 1 January 2014							610,284

	At 31 December 2014							610,284

	The company holds 20% or more of the share capital of the following companies:


Capital and							Profit (loss)		Profit (loss)
	Company	Shares held				reserves		for the year/ period	for the year
		Class		%	£		£		£
	Big Celebrity Auction Limited	Ordinary		51		1,000		-
	Desi Bazaar Limited	Ordinary		51		(36,237)		(10,916)
	John Paul Selects Limited	Ordinary		51		1,000		-
	John Paul Selects LLC *	Ordinary		100		(336,281)		(51,937)
	JP Selects Limited	Ordinary		100		1		-
	JP Selects LLC *	Ordinary		100		(124,944)		(7,888)
	Marula Oil LLC *	Ordinary		51		(808,104)		(558,398)

	* GBP equivalent.

	All of the above companies are registered in England and Wales with the exception of John Paul Selects LLC, JP Selects LLC and Marula Oil LLC which are registered in USA.


3	Debtors					2014		2013
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					231,474		-
	Other debtors					1		1
						231,475		1


4	Creditors: amounts falling due within one year					2014		2013
£							£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest					841,757		610,284
	Other creditors					1		-
						841,758		610,284


5	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.01 each		100		1		1


6	Related party transactions

	Under FRS 8 "Related Party Disclosures" the company is exempt from disclosing related party transactions with entities over which it has 90% control or more.

	During the year the company's parent company and its group made funds available to one another to enable the group to meet its day to day working capital requirements. The net amount owed to the group was as follows:
						2014
£

	ROK Stars PLC					610,283

	Included within other creditors are amounts due to companies related by virtue of the directors or shareholders. The amounts due are disclosed in the accounts of the ultimate parent undertaking.


7	Ultimate controlling party

	The company's parent company is ROK Stars PLC, a company registered in England and Wales, and listed on the Stuttgart stock exchange under ticker "RKS".